Capital Gains tax for basic rate tax payers has increased from 10% to 18% and higher rate tax payers from 20% to 24% which will mean if you are looking to sell your Agency business in the near future, however, entrepreneurs relief will still be available, although this is also increasing from 10% to 14% in April 2025. Therefore, if you are looking at selling your agency in the near future you can expect to pay more in Capital Gains Tax.

However – good news! Capital Gains Tax on Property remains at 18% basic rate and 24% higher rate which means that your future sellers in your agency won’t be put off selling their investment properties as such! Demand for your services at your agency should remain unaffected.

Stamp Duty Land Tax surcharge increase for second property has increased as of tomorrow from 3% to 5%. This is an additional charge on the different thresholds that a person or company would pay on purchasing a property (or additional property for an individual). This could mean that you may see a drop in demand of landlords purchasing additional properties and building up their portfolio of purchasing buy to lets, reducing potential letting services demands and sales services demand.

Increase in employers national insurance was an expected change. This has increased from 13.8% to 15% from April 2025 with the threshold reducing significantly from £9,100 to £5,000. This means that cost of employees will increase and profits will be directly impacted.

Minimum wage increase to £12.21 for 21+ years olds and £10.00 per hour for 18+ year olds. Another potential increase in staff costs if you are paying minimum wage.

Non domicile system is going to be replaced with New Resident Base Scheme. The impact of this is unknown as of yet but the current system of deducting 20% tax on behalf of your non-domicile landlords could change.